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QInvest not to renew bid for EFG-Hermes’ shares

An official source at Qatar-based QInvest confirmed that the company will not renew its buy offer for shares of EFG-Hermes Holding after its earlier bid had been rejected by Egyptian Financial Supervisory Authority (EFSA).
QInvest has concerns about making a new bid amid the unclear position of the Egyptian government and its ability to decide on any investment deal. Thus, the Qatari company is considering other alternatives, the source noted.

Date : 2013-05-12 01:45:33 Source : Mubasher

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